SEARCH TODAY'S NEWS ARCHIVES
NASFAA
TODAY'S NEWS

today’s news for Monday, January 24, 2022

Brought to you by:

College Ave Student Loans. College Ave is a top 3 private student loan lender with deep industry expertise offering a best-in-class online experience where borrowers can choose their own loan terms. We deliver a simple, clear, and personalized college financing experience for students, families, and schools.

NEWS FROM NASFAA

The final day of the first negotiated rulemaking session for the Institutional and Programmatic Eligibility Committee saw the group of negotiators finish preliminary discussions on all seven issue papers they were tasked with reviewing. The negotiators on Friday finished combing through the last two issue papers, as they discussed the Department of Education’s (ED) draft regulatory language on certification procedures and the 90/10 rule.

Being the second oldest in a family of 10 kids, Daniel Matamoros knows firsthand what it's like to have to come up with creative solutions for allocating financial resources. In his everyday counseling, he is able to apply his own experience making budget restrictions work in order to pursue his higher education goals to help manage unique pathways for students. "I intentionally brought myself into this field in order to provide the type of support and services which I myself sorely needed when I went through my own undergraduate experience and which my siblings continue to struggle with," Daniel said.

The Department of Education (ED) on Friday posted guidance notifying financial aid offices that the Annual Student Loan Acknowledgment (ASLA) will not be required for loan disbursement. The announcement from the department comes before the ASLA was set to be required for the 2022-23 award year. ED added that the requirement will not be in place for the upcoming award year or any future award years. 

In a Dear Colleague letter released last week, the Department of Education (ED) notified institutions of higher education that they could use data from a student’s FAFSA to help inform them of benefits and opportunities that may be available to them, including their potential eligibility for for federal benefits and assistance programs such as the new Child Tax Credit and the Supplemental Nutrition Assistance Program (SNAP), among others. 

NASFAA UPDATES AND ANNOUNCEMENTS

Yes. If the student is still enrolled for the award year/academic year, the student is eligible for retroactive disbursements of Direct Loan, Federal Pell Grant, TEACH Grant, and campus-based funds that would otherwise have been received during the first term of the award year/academic year, in accordance with 34 CFR 668.164(k). If the student is no longer enrolled, late disbursement rules under 668.164(j) apply. View the full answer to this question to learn more.

NASFAA is hiring! We're looking for a full-time Government Relations and Policy Associate with skills and interest in public policy analysis and advocacy to become a member of the Policy & Federal Relations team. The person selected will operate in a fast-paced environment and will manage multiple tasks simultaneously, assisting with the team's analysis of timely higher education legislation and contributing to NASFAA's government relations and advocacy efforts at both the federal and state levels. Read the full job description, and if interested, apply by January 26, 2022 for full consideration.

SOE peer reviewers are not only financial aid experts, but also have experience in other areas of higher education administration. You can put that expertise to work for your school with an SOE review. Learn more about the SOE team members and request information about an SOE review today.

NASFAA IN THE NEWS

U.S. DEPARTMENT OF EDUCATION

NASFAA TRAINING

NASFAA CAREER CENTER

 Subscribe now

This RSS feed is provided to allow private individuals to view headlines and text excerpts from NASFAA within newsreaders or RSS-enabled web browsers for personal, non-commercial use. The ability to access and read certain complete articles may be restricted to NASFAA members. Approved NASFAA-affiliated state and regional financial aid associations may additionally distribute our RSS feeds and incorporate headlines (which may include text excerpts) from NASFAA into their official website, blog, or other digital publication for the benefit of their members as long as no fee is charged. We may disable, change, or discontinue these feeds at any time. If you wish to make any other use of our RSS feeds, please contact us for permission.

PREVIOUS

Contact us to submit questions, content or to purchase advertisements.

View Desktop Version